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Arun_000
Jul 24, 2020 1:37 PM

KARNATAKA BANK - BULLISH Long

KARNATAKA BANKNSE

Description

NSE:KTKBANK

(For Learning Purpose)

  • Currently trading in Wyckoff's Phase 1 (Accumulation)
    * Test of supply happened and price started to move up with expanding volume
    * We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range
    * Price might move down to ₹40 - ₹42 range before starting to move up but bullish trend is confirmed only when price crosses ₹55 mark
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